Opinion – Monday 21 August 2017

News that President Trump had fired his controversial Chief Strategist, Steve Bannon, only provided a short-lived rally to US equities. After recording sharp losses on Thursday, major US equities ended Friday marginally down and recorded their second week of negative...

Opinion – Friday 18 August 2017

US equity Indices have all closed with losses of more than one percent. Treasury yields are about 3bps lower on average with December Fed Funds tightening risk back to 30% from 40%. The Japanese Yen and Swiss Franc top the FX leader board while the Australian Dollar...

Opinion – Thursday 17 August 2017

The US Dollar rally ground to a halt late yesterday amid continued US political machinations and uncertainty over the trajectory for inflation in the latest FOMC Minutes. It is no surprise then to see the USD (DXY) -0.4% across the board and US Treasury Yields down...

Opinion – Wednesday 16 August 2017

Well, the US animal spirit is back with a trifecta of better than expected data releases and with concerns over US-North Korean tensions abating and Tuesday’s upbeat message from Fed Member Dudley still resonating, the US Dollar and US Treasury yields are...

Opinion – Tuesday 15 August 2017

Stocks gained and volatility receded as the prospect of war between the U.S. and North Korea cooled. Safe Havens such as gold, Treasuries and the yen fell. Oil retreated.U.S. shares were broadly higher, with the S&P 500 Index gaining the most since April and the...

Opinion – Monday 14 August 2017

Weaker than expected US Consumer Prices with core (ex food and energy) CPI up just 0.1% versus 0.2% expected, did damage to the nascent US dollar recovery on Friday and pulled US short end yields lower (2 and 5 years both down by about 3bps). Soft CPI was seen as...